Metallic Minerals – Acquisition Of 5kms Of New Mineral Properties And 3 Key Targets Expanding The Keno Silver Project
Scott Petsel, President of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), joins us to outline the recent news where the Company is acquiring 100% interest in 3 claims over 5 square kilometres (“km2“) of new mineral properties in the Keno Hill silver district of Canada’s Yukon Territory, bringing the Company’s total district hard-rock land position to 171 km2.
We have Scott start by outlining the more advanced Nabob and Faro Claims at the Keno Hill “Main” vein and its numerous offshoots. Drilling in 2012 returned impressive results (NA-12-02, 0.4 meters (m) of 4,090.6 grams per ton (g/t) Silver Equivalent (3,140 g/t Ag, 0.86 g/t Au, 22.37% Pb and 0.25% Cu), that led to high-grade surface mining of 65 tons of ore material over 4,200 g/t Ag. The Nabob Main vein was successfully targeted by two Metallic Minerals drill holes in its 2022 field program and assay results are pending.
Next we touched on the Rage 1-3 Claims, that cover the Rain and Shine Vein and target area, occurring at the intersection of the Flame & Moth and Onek trends, which host 41.5 million ounces of silver. Lastly we review the exploration potential a the Tveter-Pavlovich claims on the south side of Sourdough Hill, 500 meters from Hecla’s Bellekeno mine. This leads to a discussion on what it means to have a large silver producer of the caliber of Hecla Mining as their neighbors now, and what options this may give the Company for development of the Keno Silver Project.
We wrap up by getting Scott’s thoughts on the big picture exploration strategy, with 3,000 meters drilled in 2022 and more assays pending, as well as the plans to incorporate the last few years drilling at Caribou, Formo, Homestake, and Keno East into a maiden resource estimate later in 2023.
If you have any follow up questions for Scott on Metallic Minerals, then please email us at either Fleck@kereport.com or Shad@kereport.com.